Central metropolis set to be global futures hub

ZHENGZHOU - Some 75 overseas investors have participated in the purified terephthalic acid (PTA) futures trading on the Zhengzhou Commodity Exchange (ZCE) since it opened to foreign investment two weeks ago.

The PTA futures are the third variety on the Chinese mainland open to overseas investment after crude oil and iron ore. It is also the latest move by Zhengzhou, capital city of Central China's Henan Province and a logistics hub with a population of about 10 million, to become a major international futures hub.

Founded in 1990 in Zhengzhou, the ZCE is China's first commodities futures exchange established after the country's reform and openingup.